Financial Times FT.com

US food groups plan hefty price rises

By Elizabeth Rigby in London and Hal Weitzman in Chicago

Published: July 20 2008 17:15 | Last updated: July 20 2008 17:15

US food companies are preparing another round of hefty price increases as soaring commodity costs force them to pass on rises to consumers.

Sara Lee, maker of meat products such as Jimmy Dean sausages, said costs would compel it to push up prices on meat lines by up to a fifth later this year.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this